The 45° line in the Keynesian Cross model shows:
A) the points where planned expenditure is lesser than the national output.
B) the points of intersection between aggregate demand and aggregate supply.
C) the points at which planned expenditure is equal to ?rms' actual output.
D) the points where planned expenditure is greater than the national output.
Correct Answer:
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Q1: The slope of the consumption line is
Q2: Which of the following is true for
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Q5: In the Keynesian Cross model, which of
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Q7: The marginal propensity to consume refers to
Q8: During a recession, which of the following
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